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, israel gets their man with this missile attack on the military leader of hamas. now, israel is launching a full-scale ground attack on the hamas terrorists which are backed by iran, of course. by the way, this is all happening while we have no cia director here at home. >>> first up today, in his first news conference since being re-elected, president obama, with rhetoric sometimes reminiscent of his tax-the-rich campaign mantra, he appeared to dig in his heels on extending tax cuts for the wealthiest americans. take a listen. >> there is a package to be shaped. and i'm confident that parties -- folks of good will in both parties can make that happen, but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or so
they think we could find compromise. and we're also watching the situation in the middle east. israel launching a major offensive against palestinian militants in gaza. israeli aircraft tanks have pounded the coastal strip. in response more than 100 rockets have been fired. martin fletcher will join us with the latest. oil prices off by about nine cents. crude oil at this point 86.23. steve, a lot of ground to cover and you have more of our other headlines, as well. thanks for being here. >> good to be here. china's ruling communist party unveiling its new leadership team today. vice president xi jinping taking over from hu jintao. he'll head a team of seven members in the new politburo standing committee compared to nine. they'll have to tackle everything from social unrest to issues with domestic and global economics. back here in the u.s., reports from walmart and target. at 8:30, we get weekly jobless claims. october consumer price index. and the november empire state survey. in corporate news, bp expected to pay a record u.s. criminal penalty and plead guilty to criminal miscondu
for our economy. so the question is now another topic. will israel launch a major ground operation to wipe out hamas? the israelis did take out another top hamas leader today. not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days away, are we facing a stalemate or is there a new kissy huggy era coming to washington, d.c.? we've got two kissy huggy cnbc contributors. jared bernstein, former vice president, biden chief economist, and kissy huggy jim pethokoukis of the american enterprise institute. jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry
by the american people. they will go forward. >> what about israel in this scenario? what are they going to do as the supreme leaders meet in tehran? >> israel has confidence that iran is not fair minded and is a predator state. and, therefore, no matter how long this is dragged out, iran will get more and more concessions before it becomes impossible. for example, one of the concessions i'm told is israel wants the united states to agree that a third party killed iranian nuclear scientist. they're looking for us to endorse their law gambit against israel. they want us on their side against israel. >> boy, i think this is pretty farfetched -- >> it is. it is farfetched, larry. >> john bachelor, thank you very much, my friend. hope to see you soon on the radio. >>> so, folks, the stock market slump continues on wall street. since president obama was re-elected the dow's lost about 450 points. my next guest says put fiscal cliff fears to bed because a deal will be reached. here now is ken hebner of capital growth management. ken, as always, it's great to see you. all right. i'll put the fiscal c
attention focused on israel and hamas, maybe the markets and the world should focus on this rally in amman, jordan instead. see why this could shake up the reason beyond anyone's worst fears. >>> michelle is in for sue today at the nyse. welcome, michelle. >> hey, tyler. thanks. we got a nice triple digit rally today. going to start with a market alert on this big day for the markets. robert pisani, what's the story about why we're climbing today? >> nobody is around in congress to say anything bad about the fiscal cliff. everyone said, hey, we're looking good! president in bangkok said things are looking good. pelosi came out, representative pelosi, speaker of the house, said we can do a deal. everybody's happy. then they all left. there is a recess. nobody's coming back with a fiscal crisis. a week and a half. >> that means there's no bad news. >> what sectors were most beaten up in the recent election? tech, telecom, energy and utilities. what sectors are up the most today? tech, telecom, energy and utilities. >> coincidence? >> wall street. don't you just love the whole thing? >>> the
problems right now. in the last two days alone, hamas has fired more than 100 rockets at israel. israel says it will respond when it's ready. today israel is responding to shelling from its troubled northern neighbor syria where a full-blown civil war is under way. iran, meanwhile, is holding a massive air defense drill just a week after firing on a u.s. drone in international airspace. but what if we didn't have to worry about any of those concerns anymore? well, according to the international energy agency, in 2020 we might not have to. sharon epperson is live at the nymex with the details. >> sue, there is in fact a major transformation that is under way in the oil and gas industry and particularly here in the u.s. and it is going to change the landscape dramatically. in just the next seven years. what the international energy agency is saying is that, of course, for many years, we have seen the concentration of the world's oil production in saudi arabia, and in fact saudi arabia is the second largest exporter to the united states of crude oil. but the iea says that the u.s. is going
of mark grant's stuff yesterday about the tanks on the border in israel and you have the fiscal cliff and you've got europe and -- >> the other thing that we're watching the market and we can't own individual stocks on things, but i have been putting money in the kids' college funds. because watching the climb where you think, okay, some day it will break and then i'll put money in, and when it did finally start to break, i was like okay let's put money in the kids' college funds and feel better about that. just mutual funds . >> remember the mayans. it's december. 200 rockets be fired from -- >> so are you calling for a faber style -- >> he scared me, too. i don't want to be left with 50% of what i have now. do you? >> not at all. but maybe that's a good reason not to by in. >> there's nowhere to hide. >> all the people selling now and going into treasuries. if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 a
. >> wouldn't be surprised. in just the last you few minutes we've gotten unconfirmed reports out of israel that they have targeted the home of a second leader, militant leader within the gaza strip. as soon as we know more we'll bring it to you. meantime, let's show you the video of what we do know happened this morning just released by the israeli defense forces. watch that car. that is not a car bomb. that is a targeted air strike by the israeli air force. inside that car is ahmed al gabari. the idf confirming they've killed him, the military leader of hamas. believed to be the mastermind behind the kidnapping of an israeli soldier in 2005, only released last year as part of a very dramatic prisoner exchange. israelis have been trying to get this guy for several years. the last time they missed, instead they got his son and the israelis made clear -- the israeli government made clear starting three days ago they were going to start to pick up their attacks in targeted assassinations of militant leaders within gaza because of rocket fire that had been coming from gaza in to israel. there
fighting escalate in the gaza strip as we continue to watch what israel and what palestinians are doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with
and we have geopolitics and israel saying they won't take direct hits from syria. that is something that the market has been watching very closely as well. the big story that has long-term ramifications for the u.s. oil industry and for the global energy trade is definitely the report today from the international energy agency where they said that they believe that the u.s. will become the top oil producer in the world by 2020. overtaking saudi arabia. overtaking russia and the fact that u.s. will be self-sufficient by 2035. this is a huge sea change in the debate that we've been hearing about the dependence on foreign oil, about green energy and the fact that we're looking at this share revolution is having an impact not only on oil markets but natural gas markets here in the u.s. and international energy agency highlighting this in their report. back to you. >> thank you very much. shares of disney getting an upgrade after getting battered last week. citi upgrading from buy to neutral. they are saying that lucas films acquisition will weigh short terms on profits but it paves the
're looking at oil prices that are lower. the truce is holding between israel and hamas and that's something that's perhaps putting some pressure on prices. the cease-fire holding and the fact that we are looking at some weakness here in the euro and traders continue to eye what is happening there in the eurozone over the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas down about 4%. warmer temperatures ahead for the month of december. that is what's pressuring the nat gas market. back to you, david. >> now i want to resist a story we brought to you on friday and it continues. not
, as far as i can tell. it's the only thing they agree on. >> israel, not so much. >> if you were in europe, misery loves company. >> there will be nothing left, but we'll give you everything. join us. join us so we don't feel so bad about ourselves. >> did you read the op ed in the journal this morning? >> i got in at ten until. >> about givers and takers. they said this was not an election that was ultimately about givers and takers. >> it was about social issues. >> but the givers and takers thing i thought was probably the most remarkable line given that it was "the wall street journal." >> so they're backtracking off of that? >> on that piece. the republic will survive piece? >> yeah, the republic will survive piece. i have yet to start paying attention to "the wall street journal" editorial page and i'm not going to start now. >> right now, let's go to hampton pearson joining us from mitt romney's headquarters in boston. hampton, what can you tell us? >> well, becky, it is a proverbial morning after, and as we all watched the battle for the electoral college unfold last night, what wa
Search Results 0 to 11 of about 12